Assume an Endogenous Growth Model with Labor Augmenting Technology and a Production

Multiple Choice

Assume an endogenous growth model with labor augmenting technology and a production function of the form Y = F(K,AN) , where A = 1.2(K/N) such that y = (1.2) k.If the savings rate is s = 0.15 and the rate of depreciation is d = 0.05, how high does population growth (n) have to be to achieve a growth rate of 10 percent?

A) 15%
B) 12%
C) 10%
D) 5%
E) 3%